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v3.24.1

Fair Value Measurements (Details) - USD ($) | Dec. 31, 2023 | Dec. 31, 2022
--- | --- | ---
U.S. Treasury securities and obligations of U.S. government corporations and agencies | $ 20,939,190 | $ 23,869,096
Political subdivisions of states, territories and possessions | 13,398,552 | 13,141,387
Corporate and other bonds industrial and miscellaneous | 70,107,746 | 72,082,485
Residential mortgage and other asset backed securities | 44,475,309 | 45,622,195
Total fixed maturities | 148,920,797 | 154,715,163
Equity securities | 14,762,340 | 13,834,390
Total investments | 163,683,137 | 168,549,553
Level 1 [Member] |  |
U.S. Treasury securities and obligations of U.S. government corporations and agencies | 20,939,190 | 23,869,096
Political subdivisions of states, territories and possessions | 0 | 0
Corporate and other bonds industrial and miscellaneous | 70,107,746 | 71,585,115
Residential mortgage and other asset backed securities | 0 | 0
Total fixed maturities | 91,046,936 | 95,454,211
Equity securities | 14,762,340 | 13,834,390
Total investments | 105,809,276 | 109,288,601
Level 2 [Member] |  |
U.S. Treasury securities and obligations of U.S. government corporations and agencies | 0 | 0
Political subdivisions of states, territories and possessions | 13,398,552 | 13,141,387
Corporate and other bonds industrial and miscellaneous | 497,370 | 497,370
Residential mortgage and other asset backed securities | 44,475,309 | 45,622,195
Total fixed maturities | 57,873,861 | 59,260,952
Equity securities | 0 | 0
Total investments | 57,873,861 | 59,260,952
Level 3 [Member] |  |
U.S. Treasury securities and obligations of U.S. government corporations and agencies | 0 | 0
Political subdivisions of states, territories and possessions | 0 | 0
Corporate and other bonds industrial and miscellaneous | 0 | 0
Residential mortgage and other asset backed securities | 0 | 0
Total fixed maturities | 0 | 0
Equity securities | 0 | 0
Total investments | $ 0 | $ 0

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- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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